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The trillion dollar climate finance challenge (and opportunity)
Many countries lack the financial resources to make the transition to clean energy and a sustainable way of life that could reverse climate change.
The UN says that says that climate finance is the answer because not investing will cost even more in the long-term, but also because there are significant opportunities for investors.
Green Dividend: China’s electric car capital has lessons for the world
“At the beginning, people had many concerns about EVs, such as safety or the convenience of charging,” Gou Yi, a deputy chief at Liuzhou’s branch of the National Development and Reform Commission, China’s top economic planner, said in an interview.
“What we did was to make sure our citizens felt it’s very comfortable to use EVs. People have realized how economical and easy electric cars are, and how much cleaner our air has become after more and more EVs hit the roads.”
Ambani and Adani. Two billionaires, one green ambition
Mukesh Ambani said he’s undertaking his life’s “most challenging” mission by investing $10 billion in clean power and fuel over three years.
Gautam Adani, who earlier this year took his spot behind Ambani as Asia’s second-richest man, wants to be the world’s largest renewable energy producer by 2030
EVs to dominate sales 5 years sooner than expected in US, Europe: EY
In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.
According to Randall Miller, EY Global Advanced Manufacturing and Mobility Leader: “A mix of changing consumer attitudes, ambitious climate-focused regulations and technology evolution is about to change the landscape of vehicle buying forever. While the automotive industry has begun to more fully embrace the move toward electrification, the impact of this seismic shift is arriving sooner than many expected.”
On climate change frontline, indigenous provide pointers to save planet
After an analysis of the growing threats confronting the communities and their sustainable ways of life, the authors of the report maintained that indigenous peoples worldwide play a vital role in countering global threats such as the destruction of nature, climate change, biodiversity loss and the risk of future pandemics.
Price Charles launches new partnership with global insurance industry to tackle climate change
To support the rapid growth of green projects and innovation, the SMI Insurance Task Force will develop a framework to help unlock the more than $30 trillion in assets under management, increasingly directing capital towards investments that drive climate-positive outcomes in both developed and developing nations.
Japan insurers struggle to pinpoint climate change cost estimates
Calculating climate costs is no easy task even for Japanese insurers, armed with sophisticated models to predict the course and intensity of typhoons, and the damage they could cause.
Explainer: Climate change and financial disclosure – what’s at stake?
Global regulators are working towards creating a common set of guidelines for assessing climate-related financial risks.
The Financial Stability Board, an international body that monitors the global financial system, created the Task Force on Climate-related Financial Disclosures (TCFD), which released in 2017 recommendations on climate risk disclosure.
A network of central banks also released climate-change scenarios and guides for measuring risks, while the U.N. Environment Programme Finance Initiative (UNEP FI) last year published methods insurers can use to disclose climate risks.
Renewable energy sector in India gets USD 70 billion investment in 7 years: Singh
He was pleased to inform that JK Cement, UltraTech, Toyota and NTPC have already submitted their energy compacts. While talking about the initiatives that will pave the way for future of energy transition in India, Singh said rules are being framed for ‘green tariff’ policy.
Adani’s Bravus pushes ahead with new Australian thermal coal mine
The International Energy Agency (IEA) warned last month that investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
But Australia, the world’s top coal exporter, is considered a global laggard in climate change policy as, unlike many other developed countries, its Prime Minister Scott Morrison has not set out a path to zero emissions by 2050.